Lemons and leases in the used business aircraft market

Journal of Political Economy

Volumn 112, Issue 5, 2004, Pages 1157-1180

  Gilligan, Thomas W ^a  

^a UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

AIRCRAFT; BUSINESS; GOODS EXCHANGE; NATIONAL TRADE;

EID: 8744304722     PISSN: 00223808     EISSN: None     Source Type: Journal    
DOI: 10.1086/422561     Document Type: Article

References (14)

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3. Desai, Preyas, and Devavrat Purohit. 1998. "Leasing and Selling: Optimal Marketing Strategies for a Durable Good Firm." Management Sci. 44 (suppl.; November): S19-S34.
4. Emons, Winand, and George Sheldon. 2003. "The Market for Used Cars: A New Test of the Lemons Model." Manuscript. Bern, Switz.: Univ. Bern.
5. Fabel, Oliver, and Erik E. Lehmann. 2000. "Adverse Selection and the Economic Limits of Market Substitution: An Application to E-Commerce and Traditional Trade in Used Cars." Manuscript. Konstanz, Ger.: Univ. Konstanz.
6. Federal Aviation Administration. 1994. Airworthiness Directive Manual FAA-AIR-M-8040.1. Washington, D.C.: Dept. Transportation.
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9. Hendel, Igal, and Alessandro Lizzeri. 2002. "The Role of Leasing under Adverse Selection." J.P.E. 110 (February): 113-43.
10. Hersch, Philip L., and Gerald S. McDougall. 1992. "Separation of Ownership from Control and the Demand for Corporate Aircraft." J. Econ. and Bus. 44 (August) : 223-36.
11. Johnson, Justin P., and Michael Waldman. 2003. "Leasing, Lemons, and Buybacks." Rand J. Econ. 34 (Summer): 247-65.
12. Murphy, Kevin J. 1999. "Executive Compensation." In Handbook of Labor Economics, vol. 3, edited by Orley Ashenfelter and David Card. Amsterdam: Elsevier Sci.
13. Porter, Robert H., and Peter Sattler. 1999. "Patterns of Trade in the Market for Used Durables: Theory and Evidence." Manuscript. Evanston, III.: Northwestern Univ., Dept. Econ.
14. Waldman, Michael. 2001. "Leasing, Lemons, and Moral Hazard." Manuscript. Ithaca, N.Y.: Cornell Univ., Johnson School Bus.